RUSNANO Shareholders’ Meeting Approved Paying Dividends as per the Results of 2017
The annual general shareholders’ meeting of JSC RUSNANO approved paying dividends on ordinary shares as per the results of 2017 amounting to RUB 537.5 mln.
According to the Russian Accounting Standards (RAS) report, the net profit of JSC RUSNANO by the end of 2017 amounted to RUB 1.057 bln. 100% of the JSC RUSNANO shares belong to the state.
The RUSNANO Management Company LLC Deputy Chairman of the Executive Board and Executive Director Boris Podolsky: “The Executive Board and sole shareholder of JSC RUSNANO represented by the Federal Agency for State Property Management approved the management’s initiative on paying dividends. The company has shown positive financial results for 4 years. This year, the company managed to hand over more than 50% of its profit to the state for the first time”.
RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 97 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 4 years.
Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.
Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.